News

"In 2020, and into the first quarter of 2021, FDI into Viet Nam Real Estate has faced a great deal of difficulties, with two core reasons, one the ripple effects of COVID-19, and the other development projects running into legal issues. However, overseas investor interest in Viet Nam Real Estate is increasing."

"Savills plc, the global real estate services provider, announces that its subsidiary Savills Investment Management has entered into an agreement to form a Strategic Investment Alliance with Samsung Life, the leading Life Insurer in Korea, and its real estate asset management subsidiary Samsung SRA."

"Hanoi and HCMC markets have attracted different levels of interest from many corporate tenants from Japan and Korea. Unlike HCMC where most Grade A projects are in or around the CBD, Grade A office development in Ha Noi already has projects over 3 different areas. This is one of the factors that have led to the great gap in the office rental between the two markets and office movements."

"Savills exclusive event for office tenants, in collaboration with leading developers IDS Equity Holdings, Thaiholdings JSC, Cobi One, OFH and GawNP Capital, was held 28 April 2021 in Ho Chi Minh City. The event included major upcoming office developments in Ha Noi and Ho Chi Minh City, the latest office performance data with insights, and emerging trends to look out for over the next 3 years."

"From end April 2021, Savills Vietnam officially becomes the exclusive leasing agent for Alpha Tower, an office-for-lease project in downtown Ho Chi Minh City developed by Peach Real Estate Co., Ltd."

"Savills Hotels, as the exclusive marketing agent, is proud to offer for sale the 240-room Radisson Hotel and Convention Center Batam."

"Savills recorded that the number of leasing transactions of office buildings in 2020 and Q1/2021 were 40% higher than which of the same period in 2019. Particularly from Q4/2020 to Q1/2021, the average leased area has increased remarkably, which was shown in the increase in number of transactions of over-1000-sqm office space. According to Ms. Hoang Minh Nguyet, Director of Commercial Leasing Savills Hanoi, Grade A office rents in Hanoi or Ho Chi Minh depend more on the future supply than issues relating to COVID-19."

"Regardless of how COVID-19 affected real estate in 2020, the concept of Branded Residences continues to resonate with the buying public. Sub-segment growth has been of 170% over 10-years with 2020 representing another record year after over 100 projects opened around the world. Savills recent Global Research found that Viet Nam is now among the 10 fastest world growth markets.  "

"Only 200 villas and townhouses were sold in HCMC in the first quarter, a 65 percent decline year-on-year, as prices slowly became unaffordable.   "

"Industrial continues to be the ‘poster child’ for Viet Nam Real Estate, with mounting enquiries and increased capital market activity. Despite enforced travel restrictions, the China + 1 model is being increasingly pursued by manufacturers seeking to mitigate risk and diversify supply chains. John Campbell, Savills Industrial Services Manager, said increasing prices and occupancy levels in key industrial zones in Viet Nam may challenge multinational businesses requiring locations near major cities like Ha Noi and HCMC."